An eastern India-based pellet producer has concluded an export deal for 55,000 t of pellets (63% Fe, 3% Al). The deal was heard concluded at around $163/t CFR China for May shipment, sources confirmed. Prices have corrected by $2 against the beginning of the week. The prospect of Chinese steel production cuts weighs on demand which, in turn, has slowed down demand for imported pellets.
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